Crony Ex-Im isn’t going away anytime soon. This should be an easy kill. But apparently not.
Trump had said that the Export-Import Bank of the United States was a bad idea. An example of classic crony capitalism. But that position may have just changed. If so that would be disappointing, bad for taxpayers, and would further our system of crony capitalism.
The Export-Import Bank should die. If it doesn’t with a GOP president, Senate, and House then that tells taxpayers all they need to know.
I hate the term “elites.” I find the people often referred to as “elites” are typically not elite at all. But that aside.
Representative Huelskamp apparently rubbed party (GOP) leadership the wrong way and as such was targeted.
Voting for crony capitalism can have negative consequences. That didn’t used to be the case for lawmakers.
Flying high in the crony skies.
So nice that Boeing, now with its huge taxpayer underwritten subsidy in hand thanks to many Republicans who abandoned the free market to support crony capitalism, slashes a bunch of jobs. The company had threatened to slash jobs if it didn’t get an Ex-Im renewal, but in the end it got rid of thousands of jobs anyway.
Crony capitalists do not operate on good faith or anything close to it. Remember this for the future.
Veronique de Rugy has been a tireless opponent of crony capitalism generally and the Export-Import Bank specifically for a long time. I encourage everyone to follow her on Twitter a @veroderugy .
And she is right. Only a completely unprincipled Congress would resurrect Ex-Im. The Dems should be ashamed of completely capitulating before the giant corporations they so often criticize. The few Republicans which may join the Dems in breathing new life into “Boeing’s Bank”
Boeing and GE want their Ex-Im Bank. They’ve had taxpayer underwritten loans for so long they feel like they are owed them. As such they have deployed their lobbyists in a full arm twisting offensive. In the chaos surrounding the impending Speaker vacancy the giant corporations want to make sure they get what they have spread money around Congress to get. They are calling in “favors.”
GE and Boeing aren’t going to let the free marketeers win easily.
We wouldn’t put it past him. Indeed you can bet that long time “friends” like Boeing are leaning pretty hard on The Tanned One to make sure the Export-Import Bank, Boeing’s Bank, the taxpayer underwritten boondoggle for a few massive corporations, is revived from the grave for instance. The people who want Ex-Im gone are the same people who wanted Boehner gone. As such watch Boehner do the wrong thing here, either for old “friends,” out of spite,
The Export-Import Bank of the United States which provides below market financing underwritten by taxpayers for giant corporations needs to die. Its charter wasn’t renewed in June, which is excellent, but the “bank” could still be revived if John Boehner attaches a revival to a big bill, a must vote on bill, like the highway bill. According to the hyper liberal, extreme statist, uber crony capitalist Maxine Waters, a Democrat, that just may be in the cards.
At the trough.
Boeing is a big boy on Wall Street and in Washington DC and it isn’t going to let a bunch of free marketeers take its taxpayer underwritten boondoggle away from them if it can help it. What do these taxpayers think anyway? That America belongs to them? Man are they clueless. America belongs to companies like Boeing and the government apparatchiks who are sponsored by companies like Boeing.
This is a long fight and getting rid of the Export-Import Bank is just the beginning. A battle in a larger war to reduce the size and scope of government and to reduce the power of the current crony capitalist system. It will be a slog. Blood will be lost. But make sure most of the blood comes from the cronies and not from those who strive for a reasonably honest government and economy.
Image: FITS News
OK, so you lose Ex-Im and the sweetheart deal which goes with it. So you decide to take your ball and go play – wherever – outside of the United States. Fine.